Positive context积极背景
Stocks股票 / Real Estate / HIW
Highwoods Properties · Real Estate
HIW US listed · USD美股 · 美元
Mid cap中盘 · $3B
Real Estate
S&P 600标普600小盘Russell 2000罗素2000
Distressed困境股
$30.09
+$0.08 · +0.27%
52w low52周低 $19.83high高 $34.30
Hold off — timing against you暂缓 — 时机不利
Downtrend — stand aside until a new cycle low forms and confirms.下跌趋势——观望，直至新的周期低点形成并确认。
As of 2026-09-29截至 2026-09-29
Company intelligence公司情报
The latest call, in context把最新财报放回历史脉络
A synthesized event record across management commentary and recorded metrics. Read as context; verify exact wording in the transcript before relying.综合管理层表述与记录指标形成事件档案。仅供参考；使用前请在电话会原文中核对准确措辞。
Live company record实时公司记录
JavaScript loads the source-bounded event record here. Open Terminal if the live module does not start.JavaScript 会在此加载受来源约束的事件记录。如实时模块未启动，请打开终端。
Continue with full transcript history继续查看完整电话会历史 ↗Pressure context压力背景
History mode历史模式
Context only仅供参考 · not a signal or recommendation不构成信号或建议
Narrative claims may await line-level citation; verify in the transcript.叙述性内容可能仍待逐行引用，请在电话会原文中核对。
Price chart价格图表
daily · interactive日线 · 可交互
Open in Terminal打开终端 ↗
Loading chart…图表加载中…
The interactive chart could not load here.互动图表暂时无法在此加载。
Open the live chart in Terminal在终端中打开实时图表 ↗
Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
MMastermind Terminal — live & interactiveMastermind 终端 — 实时互动 ↗
Technicals技术面
daily bars日线数据 · 2026-09-29
Momentum (RSI 14)动量（RSI 14）
43
Neutral zone中性区域
vs 50-day average相对50日均线
-4.1% below下方
Below trend跌破趋势
vs 200-day average相对200日均线
+13.0% above上方
Long trend up长期向上
Volatility波动率
35th percentile第35百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
next report下次财报 2026-10-2729
Mixed — beat 2 of last 4 quarters表现不稳 — 近 4 季中 2 季超预期
EPS surprise vs consensus, last quarters每股收益相对预期的超预期幅度（近几个季度） · average平均 2.9%
Valuation估值
Looks cheap vs sector相对行业偏便宜| Multiple指标 | HIW | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/B市净率 | 1.39x | 1.77 | |
| P/S市销率 | 4.10x | 6.19 | |
| Shareholder yield股东收益率 | 6.55% | 4.22 | |
| EV/EBITDA企业价值/EBITDA | 3.91x | 13.72 |
"Cheaper than" = share of sector peers trading richer on that multiple.「相对便宜」= 行业中该指标估值更高的同行占比。
Financials财务数据
fiscal years财年Revenue营业收入
$806.1M2025
20202025
5-yr growth5年复合增速 1.8%
Earnings per share每股收益
$1.452025
20202025
5-yr growth5年复合增速 -15.3%
Operating margin营业利润率
67.6%
FCF margin自由现金流利润率
44.6%
Balance-sheet quality财务体质 4/6
Bankruptcy risk: distress zone破产风险：警戒区
Watch关注
Leverage杠杆
Net debt / EBITDA净债务/EBITDA-0.03
Capital allocation资本配置
Stock-based comp股权薪酬$8.2M
Share count change (1y)股数变化（1年）+2.1%
Debt coming due到期债务
FY2025 10-KIn the 12-month bucket following fiscal period end 2025-12-31, it reported $6.7M due — about 0% of its disclosed principal.在财年期末 2025-12-31 之后12个月的区间内，已披露到期本金为 $6.7M，约占其披露本金的 0%。
All maturity buckets are measured from fiscal period end 2025-12-31, not from today.所有到期区间均从财年期末 2025-12-31 起算，而非从今天起算。
First 12 months after period end报告期末之后首12个月
$6.7M
Year 2第2年
$458.7M
Year 3第3年
$723.9M
Year 4第4年
$717.0M
Year 5第5年
$404.7M
After year 55年以后
$1.3B
A cash-flow scenario is unavailable until the filing inputs are verified.报告数据核实前，现金流情景暂不可用。
Capital-need coverage is partial; incomplete or incompatible filing inputs are not combined.资本需求覆盖信息不完整；不会合并不完整或不兼容的报告数据。
Any available cash-flow scenario is context only. Missing or incompatible inputs are not replaced with zero or a financing forecast.可用现金流情景仅供参考；缺失或不兼容的输入不以零值或融资预测替代。
Sources and cash-flow calculation来源与现金流计算
Figures are XBRL facts from one filing — no two years are mixed. Filing数据取自同一份文件中的 XBRL 事实，不跨文件拼接。文件
0000921082-26-000005, period ending报告期截至 2025-12-31, unit单位 USD.
Cache acquired缓存获取时间: 2026-09-26T08:02:16.785176+00:00.
6/6 buckets reported.个区间有披露。
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsLongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwoLongTermDebtMaturitiesRepaymentsOfPrincipalInYearThreeLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFourLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFiveLongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
Research context only — reported figures from SEC filings, not a rating, a signal or investment advice.仅供研究参考 — 数据摘自 SEC 文件披露口径，不构成评级、信号或投资建议。
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
Macro宏观
Long-duration name into a restrictive, rising-real-rate regime → rate headwind.长久期标的进入偏紧、实际利率上行的环境→利率逆风。
Positioning持仓
Quiet — no confirmed driver平静 — 无明确驱动
Technical技术面
HIW daily MACD crossed downHIW 日线MACD下穿
Signal history信号历史
engine events引擎事件
UNCONFIRMED TURN → DOWNTREND未确认转向 → 下跌趋势
AVOID. Failed cycle — price broke below the low that started this cycle, which historically means the larger trend is rolling over (~80% of cases)回避。失败周期——价格跌破了启动本周期的低点，历史上这通常意味着更大的趋势正在掉头向下（约 80% 的情形）
Sep 23, 2026
HIW daily MACD crossed downHIW 日线MACD下穿
The daily MACD histogram turned negative — fast and noisy, context rather than a standalone trigger. $29.69.日线MACD柱状图转负 — 快速且嘈杂，仅作背景。$29.69。
Sep 21, 2026
HIW daily MACD crossed upHIW 日线MACD上穿
The daily MACD histogram turned positive — fast and noisy, context rather than a standalone trigger. $31.08.日线MACD柱状图转正 — 快速且嘈杂，仅作背景。$31.08。
Sep 18, 2026
HIW daily MACD crossed downHIW 日线MACD下穿
The daily MACD histogram turned negative — fast and noisy, context rather than a standalone trigger. $30.42.日线MACD柱状图转负 — 快速且嘈杂，仅作背景。$30.42。
Sep 17, 2026
HIW daily MACD crossed upHIW 日线MACD上穿
The daily MACD histogram turned positive — fast and noisy, context rather than a standalone trigger. $30.79.日线MACD柱状图转正 — 快速且嘈杂，仅作背景。$30.79。
Sep 14, 2026
NEARING A HIGH → UNCONFIRMED TURN接近高点 → 未确认转向
HIGH-RISK · NIMBLE ONLY高风险 · 仅限灵活操作
Sep 11, 2026
UNCONFIRMED TURN → NEARING A HIGH未确认转向 → 接近高点
TAKE PROFITS止盈
Sep 11, 2026
HIW weekly MACD crossed downHIW 周线MACD下穿
The weekly MACD histogram turned negative — the slower, less-whippy momentum read.周线MACD柱状图转负 — 更慢、更少来回的动量信号。
Sep 11, 2026
HIW StochRSI turned up from oversoldHIW StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $30.93.StochRSI重回20上方 — 下行动量趋缓的最早预警。$30.93。
Sep 10, 2026
DOWNTREND → UNCONFIRMED TURN下跌趋势 → 未确认转向
HIGH-RISK · NIMBLE ONLY高风险 · 仅限灵活操作
Showing the last 15 of显示最近15条，共 281 signals条信号
Company profile公司档案
Style DNA — how it trades vs the market风格基因 — 相对市场的交易特征
Value价值
Below market低于市场
Investment资本投入
Below market低于市场
Shareholder payout股东回报
Above market高于市场
Low volatility低波动
Above market高于市场
Low market beta低市场敏感度
Below market低于市场
Short interest空头兴趣
Above market高于市场
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Valuation vs sector估值对比行业
| Multiple指标 | This stock本股 | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| Price / Book市净率 | 1.4× | 1.8× | 63% |
| Price / Sales市销率 | 4.1× | 6.2× | 66% |
| EV / EBITDAEV/EBITDA | 3.9× | 13.7× | 96% |
| Free-cash-flow yield自由现金流收益率 | 10.9% | 7.4% | 82% |
| Shareholder yield股东综合回报率 | 6.5% | 4.2% | 79% |
Relative strength相对强度
vs market, 1 month相对大盘（1个月）
44/100 — middle of the pack居中
vs market, 3 months相对大盘（3个月）
60/100 — middle of the pack居中
vs market, 6 months相对大盘（6个月）
86/100 — stronger than most强于多数
vs market, 12 months相对大盘（12个月）
39/100 — middle of the pack居中
Rank in sector行业内排名
#56 / 100
0–100 percentile of total return vs all covered stocks.总回报在全部覆盖股票中的百分位（0–100）。
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | -1.1% | +1.3% |
| 1 Month近1月 | -4.5% | +0.9% |
| 3 Months近3月 | +0.6% | +6.1% |
| 6 Months近6月 | +49.1% | +22.3% |
| Year to date年初至今 | +21.2% | +13.8% |
| 1 Year近1年 | +2.8% | +18.5% |
| 3 Years近3年 | +83.2% | +87.8% |
Trading information交易信息
Beta vs market贝塔
0.52
Volatility rank波动率分位
35th pctile
Short interest空头占比
11.2% of float
Market cap市值
$3B
Off 52-week high距52周高点
-11.1%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20202020 | 20212021 | 20222022 | 20232023 | 20242024 | 20252025 | |
|---|---|---|---|---|---|---|
| Revenue营业收入 | $737M | $768M | $829M | $834M | $826M | $806M |
| EPS每股收益 | $3.32 | $2.98 | $1.49 | $1.39 | $0.94 | $1.45 |
| Free cash flow自由现金流 | — | — | — | — | — | — |
| Gross margin毛利率 | — | — | — | — | — | — |
| Net margin净利率 | 48.6% | 42.1% | 19.8% | 18.1% | 12.6% | 20.2% |
| FCF margin自由现金流利润率 | — | — | — | — | — | — |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$806M
Operating cash flow经营现金流
$359M
Total assets总资产
$6.3B
Shareholder equity股东权益
$2.4B
Dividends paid股息支出
$217M
Shares outstanding总股本
0.11B
Returns & growth回报与增长
Asset growth资产增速
+4.1%
Accounting quality checks会计质量检查
- Earnings quality: earnings cash-backed盈利质量：盈利有现金支撑
- Capital discipline: share count +5.8% over 6 years (dilution)资本纪律：股本 6 年增加 5.8%（稀释）
- Balance sheet: Altman Z 0.74 — distress zone资产负债表：Altman Z 0.74——困境区
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
43
RSI (2-day)RSI（2日）
47
vs 20-day average相对20日均线
-1.7%
vs 50-day average相对50日均线
-4.1%
vs 200-day average相对200日均线
+13.0%
Golden cross (50>200)金叉（50>200）
in effect生效中
MACDMACD
below signal位于信号线下方
Timeframe alignment多周期共振
Daily日线
momentum down — fresh downturn动能向下——刚刚转弱
3-day3日线
momentum down动能向下
Weekly周线
momentum down — fresh downturn动能向下——刚刚转弱
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range state波幅状态
Fired_DownFIRED_DOWN
Days compressed已压缩天数
18
Range width percentile波幅宽度分位
4/100
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Earnings — full detail财务业绩 — 完整明细
Surprise history超预期历史
| Quarter季度 | Reported实际 | Expected预期 | Surprise超预期 |
|---|---|---|---|
| Jun 2026 | $0.90 | $0.86 | +4.7% |
| Mar 2026 | $0.84 | $0.84 | 0.0% |
| Dec 2025 | $0.90 | $0.84 | +7.1% |
| Sep 2025 | $0.86 | $0.86 | 0.0% |
Estimate revisions预期修正
Estimate change, 90 days预期变化（90天）
-7.9%
Net upgrades, 30 days净上调（30天）
+0
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Insiders & shorts内部人与空头
Short interest空头占流通盘
11.2%
Days to cover回补天数
10.2
Short interest change空头变化
+5.2%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Seasonality — full detail季节性 — 完整明细
Strongest month最强月份
May · 100%
Weakest month最弱月份
Feb · 33%
Month by month逐月统计
| Month月份 | Closed higher收涨占比 | Median move中位涨跌 | Years年数 |
|---|---|---|---|
| Jan1月 | 67% | +0.4% | 3 |
| Feb2月 | 33% | -0.4% | 3 |
| Mar3月 | 67% | +2.1% | 3 |
| Apr4月 | 67% | +0.5% | 3 |
| May5月 | 100% | +6.2% | 3 |
| Jun6月 | 100% | +4.7% | 3 |
| Jul7月 | 67% | +8.2% | 3 |
| Aug8月 | 75% | +6.2% | 4 |
| Sep9月 | 50% | +1.0% | 4 |
| Oct10月 | 33% | -10.4% | 3 |
| Nov11月 | 33% | -1.0% | 3 |
| Dec12月 | 33% | -5.7% | 3 |
History is a tendency, not a promise — small samples wobble.历史规律只是倾向而非保证 — 样本少时波动大。
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。